Microsoft up on job cuts; Barbie sales drag down Mattel

SAN FRANCISCO (MarketWatch)—These are the stocks making notable moves in the stock market on Thursday.

Gainers

Microsoft Corp.MSFT, -0.74%: The tech company said it would cut 18,000 jobs over the next year in a bid to simplify operations and integrate its Nokia Devices and Services business. It will also take a restructuring charge of between $1.1 billion and $1.6 billion over the next year.

UnitedHealth Group Inc.UNH, -2.24%: The health-care insurer’s second-quarter earnings beat expectations. That carried over to Humana Inc.HUM, -1.74%
whose shares hit a new 52-week high of $133.65 and are among the biggest gainers in the S&P 500.

AutoNation Inc. AN, -0.19%: The automotive retailer reported second-quarter profit that disappointed, despite posting revenue that was in line with estimates.

Orbitz Worldwide Inc. OWW, +0.00%: The travel-planning website disclosed preliminary second-quarter results. It said second-quarter net revenue would be $248 million and adjusted Ebitda would come in at $45 million.

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